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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE EXAM 2 VERSIONS & PRACTICE EXAM GUIDE ALL 550 QUESTIONS AND CORRECT SOLUTIONS LATEST UPDATE THIS YEAR$22.99
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSU
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSU
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE EXAM 2 VERSIONS & PRACTICE EXAM GUIDE ALL 550 QUESTIONS AND CORRECT SOLUTIONS LATEST UPDATE THIS YEAR
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSU
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TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSU
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE EXAM 2 VERSIONS & PRACTICE EXAM GUIDE ALL 550 QUESTIONS AND CORRECT SOLUTIONS LATEST UPDATE THIS YEAR
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH
INSURANCE EXAM 2 VERSIONS & PRACTICE EXAM
GUIDE ALL 550 QUESTIONS AND CORRECT SOLUTIONS
LATEST UPDATE THIS YEAR
TEXAS GENERAL LINES LIFE, ACCIDENT AND HEALTH INSURANCE EXAM
LIFE SECTION 1
QUESTION: 1) If a client wants cash value life insurance with a flexible premium and an
adjustable death benefit that will allow the policy owner a choice of various cash value
investment options, he should buy:
A- Variable Life
B- Universal Life
C- Adjustable Life
D- Variable/Universal Life D- Variable/Universal Life
QUESTION: 2) If a person wants to invest a lump sum in an annuity that may appreciate along
with market and economic conditions, they should buy a:
A- Flexible premium Annuity
B- Fixed Annuity
C- Deferred Annuity
D- Variable Annuity D- Variable Annuity
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QUESTION: 3) You have a client that is a real estate agent. Which of the following types of
permanent protection is best for this type of client?
A- Variable life
B- Universal life
C- Survivorship life
D- Adjustable life D- Adjustable life
QUESTION: 4) Which of the following is an example of a Limited-Pay Life policy?
A- Universal life
B- Whole Life
C- Life Paid-Up at Age 65
D- Renewable Term to Age 70 C- Life Paid-Up at Age 65
QUESTION: 5) Which of the following policies provides the greatest amount of protection for an
insured's premium dollar as well as some cash accumulation?
A- Annuity
B- Whole Life
C- Term
D- Limited-Pay Life B- Whole Life
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If we had not mentioned cash accumulation, the answer would have been Term. However,
Term has no cash value, so the answer is Whole Life, which is the most inexpensive type of
permanent insurance and is required to have a cash value after the third policy year. Although
Limited Pay Life is a type of Whole Life, it is incorrect since it is usually quite expensive due to
the shortened pay-in period. Annuities have no cash value except the money the annuitant paid
in. Since there is no death benefit, no protection is offered.
QUESTION: 6) Which of the following individual policy conversions is usually permitted without
any evidence of insurability? C- Conversion from a Term policy to a Whole Life policy
QUESTION: 7) Which of the following is NOT correct regarding Ordinary Whole Life policies?
A- The premiums payments are owed annually until you die or reach age 100
B- The cash value grows more quickly in the beginning years of the policy
C- Coverage lasts for your own life
D- Ordinary Whole Life is a type of permanent insurance D- Ordinary Whole Life is a type of
permanent insurance
QUESTION: 8) Which of the following statements is true about the premium payment schedule
for a Whole Life policy?
A- Premiums are payable for a designated period of time only, after which coverage is no longer
provided
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B- Premiums are payable until the insured's retirement only, after which coverage is continued
automatically until the insured's death
C- One premium, in the amount of the insured's choice, is payable at the time of application,
and the balance of the premiums is deducted from the face amount of the policy at the time of
the insured's death
D- Premiums are payable throughout the insured's lifetime, and coverage continues until the
insured's death D- Premiums are payable throughout the insured's lifetime, and coverage
continues until the insured's death
QUESTION: 9) A life insurance policy that covers two parties, but only pays when the last party
dies is known as:
A- Joint Life
B- Contingent Life
C- Other insured Life
D- Survivorship Life D- Survivorship Life
QUESTION: 10) Which of the following contracts requires that a series of benefit payments be
made at specified intervals?
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